Payoneer Global (PAYO) financial statements
Payoneer Global reported revenue of $1.1B in fiscal 2025, up 22.1% a year over 6 years.
Net income was $73M and the operating margin 11.8%, against 1.1% in 2019.
Free cash flow was $146M, and the company returned $174M in net buybacks.
The diluted share count rose 943% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Payoneer Global's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $318M | $346M | $473M | $628M | $831M | $978M | $1.1B |
| Research and development | $35M | $52M | $81M | $115M | $119M | $135M | $155M |
| Selling, general and admin | $92M | $114M | $179M | $255M | $298M | $325M | $377M |
| Operating income | $4M | -$17M | -$30M | -$22M | $104M | $149M | $125M |
| Pre-tax income | $4M | -$15M | -$25M | $2M | $133M | $139M | $116M |
| Income tax | $5M | $8M | $9M | $14M | $39M | $18M | $42M |
| Net income | -$625,000 | -$24M | -$34M | -$12M | $93M | $121M | $73M |
| EPS (diluted) | -$0.33 | -$0.80 | -$0.33 | -$0.03 | $0.24 | $0.31 | $0.19 |
| Diluted shares | 36M | 47M | 203M | 348M | 393M | 386M | 377M |
| Operating margin | 1.1% | -5.0% | -6.4% | -3.5% | 12.5% | 15.2% | 11.8% |
| Net margin | -0.2% | -6.9% | -7.2% | -1.9% | 11.2% | 12.4% | 7.0% |
Balance sheet
Fiscal years, from Payoneer Global's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $115M | $103M | $466M | $543M | $617M | $497M | $416M |
| Receivables | — | $18M | $14M | $13M | $8M | $12M | $10M |
| Total current assets | — | $3.6B | $5.0B | $6.5B | $7.1B | $7.1B | $8.1B |
| Property, plant and equipment | — | $13M | $12M | $14M | $15M | $16M | $32M |
| Goodwill | — | $23M | $21M | $20M | $20M | $78M | $78M |
| Total assets | — | $3.7B | $5.1B | $6.6B | $7.3B | $7.9B | $9.0B |
| Total current liabilities | — | $3.4B | $4.5B | $6.0B | $6.5B | $7.1B | $8.1B |
| Long-term debt | — | $27M | $14M | $16M | $18M | — | — |
| Total liabilities | — | $3.5B | $4.6B | $6.0B | $6.6B | $7.2B | $8.3B |
| Shareholders' equity | -$5M | $24M | $487M | $545M | $664M | $725M | $704M |
| Net debt | -$115M | -$63M | -$452M | -$527M | -$599M | -$497M | -$416M |
Cash flow
Fiscal years, from Payoneer Global's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$14M | $10M | $20M | $84M | $159M | $177M | $233M |
| Capital spending | $17M | $14M | $21M | $29M | $48M | $60M | $88M |
| Free cash flow | -$32M | -$5M | -$884,000 | $55M | $112M | $117M | $146M |
| Stock-based compensation | $10M | $11M | $37M | $52M | $66M | $65M | $73M |
| Share buybacks (net) | — | — | — | — | -$55M | -$138M | -$174M |
| Net borrowing | $60M | -$20M | -$26M | — | — | — | — |
| Free cash flow margin | -9.9% | -1.3% | -0.2% | 8.8% | 13.4% | 11.9% | 13.8% |
Questions
What was Payoneer Global's revenue in 2025?
$1.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does Payoneer Global generate?
$146M in fiscal 2025 (operating cash flow minus capital spending).
From Payoneer Global's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.